Chennai, Jan. 23., In Tamil Nadu, gold ornaments, sovereigns, are being sold at an unprecedented price of Rs 60,200.
As international investors are investing heavily in gold, the price of gold has increased in the international market. Due to this, the price of gold in our country is also continuing to rise. In TamilNadu, the day before yesterday, 22-carat gold ornaments were sold at Rs 7,450 per gram; sovereigns were sold at Rs 59,600. Silver was sold at Rs 104 per gram.
Yesterday, the price of gold rose by Rs 75 per gram and was sold at Rs 7,525. Sovereigns were sold at Rs 600 and were sold at Rs 60,200. There was no change in the price of silver.
So far, the highest price of a sovereign in gold sales was Rs 59,640. Yesterday, for the first time ever, it crossed Rs 60,000. In this regard, Chennai Gold and Diamond Jewelers Association President Jayantilal Chalani said:
The decisions taken by Donald Trump after assuming office as US President are affecting many countries including India, China and Mexico. The citizenship of Indians living in the US is likely to be revoked.
Trump has warned the 'BRICS' countries that they will face severe consequences if they introduce a common currency against the US dollar.
China and Russia have announced that the two countries will work together against the US.
Looking at these, international investors believe that there is a possibility of World War 3. Due to this, there has been a sharp decline in the stock markets.
As investors are investing heavily in gold for security reasons, its price has increased.
The price of gold in our country has reached a new high. There is a possibility that the price of gold will increase further in the coming days.